Abu Dhabi-India business forum deepens trade, investment ties

The Abu Dhabi-India business forum, co-organised by the Abu Dhabi Department of Economic Development (ADDED) and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) in cooperation with the Federation of Indian Chambers of Commerce and Industry (FICCI) underscored the scale and momentum of the partnership and discussed ways to deepen trade and investment ties.

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The forum, attended by Piyush Goyal, India's Minister of Commerce and Industry, Ahmed Jasim Al Zaabi, Chairman of ADDED, Hamad Sayah Al Mazrouei, Undersecretary of ADDED, and senior government and private-sector leaders, is building on the Comprehensive Economic Partnership Agreement's (CEPA) achievements to further enhance relations in various sectors.

Ahmed Jasim Al Zaabi said, "We are pleased to welcome Piyush Goyal, Honourable Minister of Commerce and Industry of the Republic of India, and the high-level delegation to open a new page in our deeply rooted partnership. Abu Dhabi is a trusted, future-ready partner for India's growth story, with our 'Falcon Economy' creating ample opportunities in high-growth clusters including food, Agri tech, financial services, advanced manufacturing, digital infrastructure, smart transport, sustainable energy, and healthcare."

Al Zaabi added, "Today, India is one of our largest trading partners. Since signing CEPA in 2022, Abu Dhabi's non-oil trade with India is growing from strength to strength. In 2023, it rose by 13.7% and soared 94% in 2024. We are building on a legacy of collaboration to shape a future of shared prosperity, and there is enormous scope to deepen our trade, expand mutual investments, and co-create the industries of the future."